ALTR vs. SNPS

Last updated Jun 4, 2026

ALTR (Altair Engineering Inc.) and SNPS (Synopsys, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

ALTR vs. SNPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Altair Engineering Inc. (ALTR) and Synopsys, Inc. (SNPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SNPS

• 1D: -2.03%
• 1M: 0.10%
• YTD: 6.02%
• 6M: 6.77%
• 1Y: 6.81%
• 3Y*: 3.49%
• 5Y*: 14.25%
• 10Y*: 25.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALTR vs. SNPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALTR Altair Engineering Inc.	0.00%	2.51%	29.66%	85.07%	-41.19%	32.90%	62.02%	30.20%	15.30%	30.64%
SNPS Synopsys, Inc.	6.02%	-3.22%	-5.74%	61.27%	-13.35%	42.15%	86.24%	65.24%	-1.17%	-1.02%

Correlation

The correlation between ALTR and SNPS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017	0.51

The correlation between ALTR and SNPS shifts across timeframes, from 0.33 (3 years) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ALTR : $665.79M SNPS : $8.68B
Gross Profit (TTM) ALTR : $533.36M SNPS : $6.38B
EBITDA (TTM) ALTR : $65.46M SNPS : $2.22B

Return for Risk

ALTR vs. SNPS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNPS

SNPS Risk / Return Rank: 44
SNPS Sharpe Ratio Rank: 45
SNPS Sortino Ratio Rank: 42
SNPS Omega Ratio Rank: 47
SNPS Calmar Ratio Rank: 44
SNPS Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTR vs. SNPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altair Engineering Inc. (ALTR) and Synopsys, Inc. (SNPS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ALTR	SNPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Drawdowns

Drawdown Indicators

	ALTR	SNPS	Difference
Max Drawdown Largest peak-to-trough decline	—	-60.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-41.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.04%	—
Current Drawdown Current decline from peak	—	-22.83%	—
Average Drawdown Average peak-to-trough decline	—	-20.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.77%	—

Volatility

Volatility by Period

	ALTR	SNPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	56.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	40.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.02%	—

Dividends

ALTR vs. SNPS - Dividend Comparison

Neither ALTR nor SNPS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ALTR and SNPS in my portfolio?

ALTR and SNPS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.